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Economics Jamb Past QuestionsQuestions and Answers on Distinction between change in quantity demanded and change in demandQuestion 11 :If the demand of a product with perfectly elastic supply increases, there will be A. An increase in price and quantity offered B. An increase in quantity offered but price will remain the same C. A reduction in price and quantity offered D. An increase in price but a reduction in quantity offered for sale E. An increase in quantity offered but a reduction in price Question 12 :when the demand curve shift to the right it indicate that a larger quantity is demanded at each price. This is caused by one of the following A. A fall in income B. A rise in the price of a complement C. A fall in the price of substitute D. A change in taste against this commodity E. None of the above Question 13 :If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as A. Normal B. Abnormal C. Inferior D. Superior E. Scarce Question 14 :A movement along a given demand curve for a good is caused by a change in A. A consumer income B. The price of the good C. Taste D. The prices of other goods E. Population Question 15 :The sloping downward of the demand curve implies that? A. An increase in price leads to an increase in quantity demanded B. An increase in price leaves the quantity demanded unchanged C. A decrease in price leads to a decreased in quantity demanded D. A decrease in price leads to an increase in quantity demanded E. Supplies respond by offering less commodities for sale |
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